Next Bond Installment Put on Hold

MGM's financial difficulties have been put under the spotlight with the announcement that the next Bond installment, Bond 23, has been put on hold indefinitely.

Bond on Hold

EON Prods. toppers Michael G. Wilson and Barbara Broccoli had this to say:

"Due to the continuing uncertainty surrounding the future of MGM and the failure to close a sale of the studio, we have suspended development on 'Bond 23' indefinitely," the duo said in a statement. "We do not know when development will resume and do not have a date for the release of 'Bond 23.'"

Daniel Craig was hoping that the next installment would begin filming later this year, but now that is definitely not going to happen.

MGM is currently considering two options about its future. First, the company can try to hold out and make enough money to begin paying off some of its debt back to the investors. Or, the company can sell to any production house making the best offer.

The company does already have one foot in the grave, however, having only released a single film so far in 2010 with Hot Tub Time Machine. Fortunately, that film did perform well with $42.4 million so far.